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I'd say overall QE was worth it to get us to the real boom that began in late 2016 going into 2017. If Trump would have kept the Obama status quo on the economy, it would still be full steam ahead instead of recession. I think without the tariffs and without the tax cuts, this economy would still have a few years left of momentum before a possible recession. Trump basically has caused it to happen now instead of in 2-3 years. If not for QE, you are right that the recession would have come much sooner. However, we wouldn't have had this period of near full employment that we've enjoyed over the past few years.

In regards to the Obama point you are correct that the QE did help though many think the free markets could have worked faster. I'm not so sure but it is just theory. What o did mean with Obama was that if I am not mistaken, "economists" on City-Data said that the market was due to crash by now three/four years ago. However since Trump won, they have been silent and many who said they were right, now call you leftist and cheering on a stock crash if you say a recession is coming, look at the proof.

Trump took credit for the economy's success the first day in office, he should take the blame for recession three years in. He can't say the economy is doing great because of him but it's not his fault when the economy crashes.

Quote:

Originally Posted by Huckleberry3911948

I am astound by the blame in this country directed at the Oval Office
One would think congress did not exist

With a Trump presidency, Congress practically doesn't exist. He has used war powers, executive orders and every conceivable machination to rule as a dictator. These are the kinds of games Trump is playing with the economy:

"One key thing to know is that the emergency powers he is using evolved from the need for the President to act with decisive authority during war, specifically World War I."

haven't we has enough of this fantasy projection from Obama's legacy of theoretical reality? Does the media expect anyone to trust their crystal ball. So much for economic gurus and liberal creative math majors who were embarrassed by Trump's economic reality.

haven't we has enough of this fantasy projection from Obama's legacy of theoretical reality? Does the media expect anyone to trust their crystal ball. So much for economic gurus and liberal creative math majors who were embarrassed by Trump's economic reality.

It isn't the 'media' predicting the recession.

It is investors, financial pundits, etc......and the media is reporting it.

The so-called MSM is trying to induce a recession to take down Trump now that the Russian hoax/impeachment has failed.

The media is doing nothing more than reporting on a condition which has preceded every recession (an inverted yield curve) for the last century. An inverted yield curve preceded recessions in the 90's, 80's, 70's and everything prior, but the media did not report on it, because back then people were unaware of the inverted yield curve-recession relationship. Yet the recessions came anyway. So it makes absolutely no difference whatsoever whether the media reports on the phenomenon or not, because it is not the media coverage of the phenomenon that produces the recession, it is the phenomenon itself that produces the recession.

Sorry but the economy didn't just get strong as soon as Trump took office as many Trump supporters seem to believe. Despite the do nothing Republican congress who did their best to go against everything he did during Obamas last few years, the economy was getting more and more robust. Trump should be thanking Obama for handing him such a good and growing economy. But since Trump wants to claim it all by himself, then he should accept fault when we go into a recession.

Yes, we've had a number of threads projecting Trump doing something bad (even including nuclear war) and then condemning him for it as if it has occurred.

We'll have to see what happens, the inverted yield curve has been wrong before in predicting a recession. (OP, did you know that?).

Same garbage Obama faced from the far right where he was to blame for everything that ever happened in the history of the universe lol.

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